NVR, Inc. $NVR Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in NVR, Inc. (NYSE:NVR) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,656 shares of the construction company’s stock after selling 169 shares during the period. California State Teachers Retirement System’s holdings in NVR were worth $24,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NVR. DV Equities LLC purchased a new position in NVR during the fourth quarter worth approximately $29,000. Strive Financial Group LLC purchased a new stake in shares of NVR in the fourth quarter valued at approximately $29,000. Oakworth Capital Inc. acquired a new position in shares of NVR during the 4th quarter worth approximately $36,000. State of Wyoming acquired a new position in shares of NVR during the 2nd quarter worth approximately $44,000. Finally, Clearstead Advisors LLC lifted its position in shares of NVR by 75.0% during the 4th quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Down 2.0%

NYSE NVR opened at $6,165.25 on Friday. The business has a fifty day moving average price of $6,411.55 and a 200 day moving average price of $6,752.08. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The company has a market cap of $16.65 billion, a P/E ratio of 15.99, a P/E/G ratio of 10.14 and a beta of 0.90.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $108.54 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. Research analysts anticipate that NVR, Inc. will post 371.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on NVR. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. BTIG Research set a $7,446.00 price objective on shares of NVR in a research report on Friday, July 24th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Finally, Seaport Research Partners reissued a “sell” rating and set a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7,224.20.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.